Explanatory Information Clause Samples
The Explanatory Information clause serves to provide additional context, clarification, or background details related to the main provisions of an agreement or document. This clause typically includes explanations, definitions, or illustrative examples that help interpret the intent or application of specific terms. By offering this supplementary information, the clause ensures that all parties have a clear understanding of the document’s provisions, reducing the risk of misunderstandings or disputes.
Explanatory Information. This is your written statement of the occupation contract you have made under the Renting Homes (Wales) Act 2016 (”the Act”). The contract is between you, as the “contract-holder”, and the “landlord”. Your landlord must give you a written statement, free of charge, within 14 days of the “occupation date” (the day on which you were entitled to move in). If you did not receive a copy of this written statement (including electronically if you have agreed to receive the written statement in an electronic form) within 14 days of the occupation date, for each day it is late, the landlord may be liable to pay you compensation, equivalent to a day’s rent, up to a maximum of two months’ rent (unless the failure was intentional in which case you can apply to the court to increase this amount). The written statement must contain the terms of your contract and the explanatory information that the landlord is required to give you. The terms set out your rights and responsibilities and those of the landlord (that is, the things that you and your landlord must do or are permitted to do under the occupation contract). You should read the terms to ensure you fully understand and are content with them and then sign where indicated to confirm that you are content. The written statement should be kept safe as you may need to refer to it in the future. The terms of your contract consist of:
Explanatory Information. Your landlord is legally required to give you this information key matters – that is, the address of the dwelling, the occupation date, the amount of rent (or other consideration ) and the rental period (i.e. the period in respect of which the rent is payable (e.g. weekly or monthly)), the fact that this is a fixed term contract and if there are periods during which the contract- holder is not entitled to occupy the dwelling as home, details of those periods. fundamental terms – these are provisions of the RHWA that are automatically included as terms of an occupation contract. Some cannot be changed and must reflect the wording in the RHWA. However, others can be left out or changed, but only if you and the landlord agree to do that and it benefits you as the contract-holder. supplementary terms – these are provisions, set out in regulations made by the Welsh Ministers, which are also automatically included as terms of an occupation contract. However, providing you and the landlord agree to it, these can be left out or changed, either to benefit you or the landlord. additional terms – these are provisions agreed by you and the landlord, which can cover any other matter, provided they do not conflict with a key matter, a fundamental term or a supplementary term.
Explanatory Information. 2.1 By way of definition/explanation
Explanatory Information. Your landlord is legally required to give you this information